Standby Fee to Glencore. Subject to the successful completion of the Rights Offering and the Standby Commitment on the Rights Offering Closing Date, in consideration of Glencore providing the Standby Commitment, the Company shall pay Glencore a standby commitment fee equal to 2.00% of the Maximum Investment, being US$1,061,263. Such fee shall be payable in cash on the Rights Offering Closing Date.
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Samples: Standby Purchase Agreement (Polymet Mining Corp), Standby Purchase Agreement (Glencore International PLC), Standby Purchase Agreement (Polymet Mining Corp)
Standby Fee to Glencore. Subject to the successful completion of the Rights Offering and the Standby Commitment on the Rights Offering Closing Date, in consideration of Glencore providing the Standby Commitment, the Company shall pay Glencore a standby commitment fee equal to 2.003.00% of the Maximum InvestmentGross Proceeds, being US$1,061,263US$ 5.862 million (the "Standby Fee"). Such fee shall be payable in cash immediately available funds by wire transfer to an account designated by Glencore on the Rights Offering Closing Date.
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Standby Fee to Glencore. Subject to the successful completion of the Rights Offering and the Standby Commitment on the Rights Offering Closing Date, in consideration of Glencore providing the Standby Commitment, the Company shall pay Glencore a standby commitment fee (the “Standby Fee”) equal to 2.003.00% of the Maximum Investmentsum of: (x) the Closing Date Indebtedness (excluding for these purposes the Standby Fee); and (y) US$6,000,000 (for the avoidance of doubt, being US$1,061,263all as detailed in Schedule 5(dd) of the Disclosure Letter). Such fee shall be payable in cash on the Rights Offering Closing Date.
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